Rockpoint Group, L.L.C. Closes Rockpoint Fund IV at $1.95 billion
BOSTON--(BUSINESS WIRE)-- Rockpoint Group, L.L.C., a global real estate investment management firm, announced today that it has closed on $1.95 billion in equity commitments for Rockpoint Real Estate Fund IV. Fund IV's investors include public and corporate pension funds, foundations, endowments and government entities from the United States and Canada, as well as Asia and the Middle East. No brokerage or other placement fees were paid in connection with the investor commitments for Fund IV.
Rockpoint employs a fundamental value approach to investing and proactively targets select asset classes and geographies, with a primary focus on opportunities in the United States. To date, Fund IV has committed approximately $470 million of equity in 12 transactions.
The firm's Managing Members are Bill Walton, Keith Gelb, Pat Fox, Tom Gilbane, Aric Shalev and Brian Borg. The firm's head of capital raising and investor relations is Hank Midgley.
Rockpoint Group, L.L.C. is a global real estate investment management firm headquartered in Boston, with additional primary offices in San Francisco, Dallas and London. The firm employs a fundamental value approach to investing and focuses on select product types and geographic regions, with a primary emphasis on opportunities in major coastal markets in the United States. Since its inception in 2003, Rockpoint has sponsored six private investment funds and three co-investment vehicles, with aggregate capital commitments of over $8 billion. The Firm's six Managing Members have been working and investing together for 13 years and Rockpoint's founding Managing Members have been working and investing together since 1995. Through the Rockpoint sponsored funds and in prior investment vehicles, Rockpoint's founding Managing Members have together invested nearly $10 billion of equity in over 300 transactions with a total capitalization of approximately $40 billion.
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